Innoson Vs. GTBank: GTBank Clears The Air On Supreme Court’s Decision

FALSE REPORTING OF COURT PROCEEDINGS CONCERNING GTBANK

The attention of Guaranty Trust Bank Plc (“the Bank”) has been drawn to
false, mischievous and malicious statements circulating in the news and
social media in respect of a purported directive by the Supreme Court of
Nigeria to the Bank to make payments to one of its debtor Customers.

The Bank’s Customers and the General Public are hereby kindly urged to
disregard these false statements as nothing could be further from the
truth. There was no directive or Order issued by the Supreme Court of
Nigeria to the Bank to make any payment to any of its debtor Customers.

The Bank as a highly responsible corporate citizen will in accordance
with its culture and tradition refrain from making comments about
on-going litigation matters and will continue to focus on using legal
means to recover its bad debts. It must be emphasised that the Bank
remains undeterred in its recovery drive against recalcitrant debtors.

We again reiterate that there is no iota of truth in the falsehood being
peddled by desperate and mischievous elements and the General Public
should disregard same in its entirety.

The Bank remains committed to providing best-in-class customer
experience to all its valued Customers.

We thank you for your continued support and patronage.

Yours faithfully,

FOR: GUARANTY TRUST BANK PLC

ERHI OBEBEDUO

Company Secretary